US Dollar Sells Off Ahead of FOMC

The US dollar attempted highs again, and inched above our level at 96.44 before sharply retracing, as predicted, through support at 96.24. We anticipated this lower level being tested again, and we sliced through it with ease. Currently, we are finding support well above our next level at 95.82. We are currently seeing a green triangle on the KRI confirming support at 96.13 or so, which could suggest the formation of a new technical level. The US dollar will surely move off the FOMC statement tomorrow, so watch for a range to form in anticipation of it.